Alphabet Inc (NASDAQ: GOOG) kicked off on Friday, down -1.00% from the previous trading day, before settling in for the closing price of $160.79. Over the past 52 weeks, GOOG has traded in a range of $103.27-$161.12.
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Annual sales at Communication Services sector company grew by 18.09% over the past five years. While this was happening, its average annual earnings per share was recorded 17.32%. With a float of $5.27 billion, this company’s outstanding shares have now reached $5.69 billion.
Let’s look at the performance matrix of the company that is accounted for 182502 employees.
Alphabet Inc (GOOG) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Alphabet Inc is 57.58%, while institutional ownership is 27.84%. The most recent insider transaction that took place on Apr 03 ’24, was worth 3,502,640. In this transaction Chief Executive Officer of this company sold 22,500 shares at a rate of $155.67, taking the stock ownership to the 2,325,513 shares. Before that another transaction happened on Apr 02 ’24, when Company’s VP, Chief Accounting Officer sold 682 for $154.79, making the entire transaction worth $105,567. This insider now owns 29,284 shares in total.
Alphabet Inc (GOOG) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 20.50 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.92% during the next five years compared to 21.56% growth over the previous five years of trading.
Alphabet Inc (NASDAQ: GOOG) Trading Performance Indicators
Take a look at Alphabet Inc’s (GOOG) current performance indicators. Last quarter, stock had a quick ratio of 2.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.44. Likewise, its price to free cash flow for the trailing twelve months is 28.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.81, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 7.85 in one year’s time.
Technical Analysis of Alphabet Inc (GOOG)
Alphabet Inc (NASDAQ: GOOG) saw its 5-day average volume 17.87 million, a negative change from its year-to-date volume of 22.54 million. As of the previous 9 days, the stock’s Stochastic %D was 82.59%. Additionally, its Average True Range was 3.26.
During the past 100 days, Alphabet Inc’s (GOOG) raw stochastic average was set at 92.23%, which indicates a significant increase from 80.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.15% in the past 14 days, which was lower than the 26.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $146.35, while its 200-day Moving Average is $137.37. Nevertheless, the first resistance level for the watch stands at $161.06 in the near term. At $162.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $164.16. If the price goes on to break the first support level at $157.96, it is likely to go to the next support level at $156.73. The third support level lies at $154.86 if the price breaches the second support level.
Alphabet Inc (NASDAQ: GOOG) Key Stats
The company with the Market Capitalisation of 1979.21 billion has total of 12,433,000K Shares Outstanding. Its annual sales at the moment are 307,394 M in contrast with the sum of 73,795 M annual income. Company’s last quarter sales were recorded 86,310 M and last quarter income was 20,687 M.
